Sunday, March 14, 2010

Persistent Systems Ltd., a company engaged in the business of outsourced software product development (OPD) services, is entering capital markets with an IPO of 5,419,706 Equity Shares of Rs.10 each.

Established in 1990, Persistent Systems is a technology company specializing in outsourced software product development (OPD). Its main focus is in the area of telecommunications, life sciences and infrastructure and systems. It designs, develops and maintains software systems and solutions, create new applications and enhance the functionality of customers‘ existing software products

The IPO would consist of 5,419,706 Equity Shares of Rs.10 each. The issue comprises of a net issue to the public of 48,77,730 shares and a reservation of up to 5,41,976 equity shares for eligible employees. The IPO would remain open for subscription between Wednesday, March 17, 2010 and Friday, March 19, 2010